Book closure for 100% right share of Bhargav Bikas Bank on Falgun 12

Bhargav Bikas Bank Limited (BHBL) had received approval from SEBON to issue 12,00,000 units right shares to its shareholders in the ratio 1:1 on Poush 29, 2073. The book closure date for the right shares has now been fixed on Falgun 12, 2073. As per the notice published in NEPSE today, the register of their shareholders will be closed on Falgun 12. Only those shares traded until one day ahead of the book closure date i.e. Falgun 11, 2073 will be eligible for the right shares. NIBL Capital Markets Ltd is the issue manager for the right issue. BHBL had earned Rs 1.8 crore in the second quarter of the fiscal year 2073/74. Its paid up capital stands at Rs 14.40 crore. After the issuance of 100% right, its paid up capital will reach Rs 26.40 crore. As per NRB’s requirement for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, BHBL will need to issue a further 89% capital hike.